Magadum Chit Funds Private Limited - Due diligence report

A 360° intelligence report on Magadum Chit Funds Private Limited: trust score, financial health, credit view, compliance, directors, growth …

2004-03-25 Hukeri, Karnataka Active Unlisted Active Compliant
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Magadum Chit Funds Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
70/100
Trust Score
Moderate

Magadum Chit Funds Private Limited is assessed as Moderate with a Trust Score of 70/100. Magadum Chit Funds Private Limited is an active private limited indian non-government company incorporated in 2004, operating in the Financial Services sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and moderate financial risk profile.

Report generated on 13 Aug 2026 from the latest processed filings. Magadum Chit Funds Private Limited snapshot & full profile →

Financial Health › Neutral
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
70/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
93/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 55/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 93/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 40/100
NameDIN / PANDesignationAppointedTenureDIN status
KADAPPA BASAVANNI MAGADUM 01234567 Director 01/04/2018 6 yrs Approved
MAHESH KADAPPA MAGADUM 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • KADAPPA BASAVANNI MAGADUM has DIN status "Disqualified by RoC u/s 164(2)".
  • 1 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2016)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2017 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
-

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 75 · Distress 70
Growth signals & trust indicators
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 22+ years.
Distress signals & risk flags
Negative net worth.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence79/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment63/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view65/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 13 events
01 Oct 2025
Director appointed
KADAPPA BASAVANNI MAGADUM (Additional Director)
Director ceased
MALLAPPA SIDRAM ANGADI
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
30 Sep 2018
Director ceased
MAHESH KADAPPA MAGADUM
23 Apr 2018
Director appointed
MAHESH KADAPPA MAGADUM (Director)
Director ceased
KADAPPA BASAVANNI MAGADUM
23 Apr 2015
Director ceased
RAMESH DUNDAPPA VANTAMURE
10 Mar 2015
Director ceased
ABHIJIT PRABHAKAR TUPARE
31 Dec 2011
Director ceased
APPASAHEB KASHAGOUD DESAI
25 Sep 2011
Director ceased
SHRISHAIL BASAVANNI MAGADUM
Director ceased
RAMANNA BASAVANNI MAGADUM
25 Mar 2004
Incorporated
Registered with Roc Bangalore
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Compliance record is strong - status, filings and flags are clean.
2 active director(s) / partner(s); review board churn before relying on management continuity.
Promoters hold a dominant controlling stake as per the FY 2017 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Sincere Business Services Pvt Ltd U70200MH1992PTC065637 Mumbai, Maharashtra, India
S R S Trading & Holdings Pvt Ltd U51109WB1989PTC047957 Kolkata, West Bengal, India
U Nik Tracom Pvt Ltd U51909WB1996PTC080780 Kolkata, West Bengal, India
Milky Nirman Private Limited U45400WB2007PTC120676 Kolkata, West Bengal, India
Albatross Investments Pvt Ltd U65993WB1996PTC077190 Kolkata, West Bengal, India
Siddhartha East Private Limited U65993DL1981PTC012404 New Delhi, Delhi, India
P G Nahar Finance Limited U65999TZ1990PLC002833 Coimbatore, Tamil Nadu, India
Sharon International Services Private Limited U52599TN1996PTC035329 Chennai, Tamil Nadu, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Magadum Chit Funds Private Limited before audits and certifications: compliance score 93/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Magadum Chit Funds Private Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 75/100, margin trends, ownership structure and peer set for Magadum Chit Funds Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 70/100, distress signals and MSME payment-delay disclosures - know whether Magadum Chit Funds Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Magadum Chit Funds Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Magadum Chit Funds Private Limited an active company?

Magadum Chit Funds Private Limited has MCA status “Active” with a compliance score of 93/100 (Low Risk).

Is Magadum Chit Funds Private Limited financially healthy?

Magadum Chit Funds Private Limited has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.

Should I do business with Magadum Chit Funds Private Limited?

Its overall Trust Score is 70/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Magadum Chit Funds Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 2 active director(s) are on record.

Does Magadum Chit Funds Private Limited have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Magadum Chit Funds Private Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 93/100 (Low Risk).

Is it risky to lend to Magadum Chit Funds Private Limited?

Its Credit Risk Score is 55/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.